In this episode, Shireen Smith discusses the importance of brand protection in marketing. Surprisingly, less than a third of agencies register their names as a trademark. This suggests many designers and others who offer branding services have little appreciation of the relationship between brand creation and brand protection.
The ramifications of not registering a trademark are many:
- You have no recourse if you have not used the name in business. So once you choose a name, register it for your brand.
- Registering a company name or domain name won’t give you any protection and you don’t own the rights to the brand name unless you register a trademark
- Securing your name as a word trademark is the priority and you can then register a logo, tagline, music and packaging or other elements of your brand later
- Trademark registration gives you power. If a big business wants to use the same name, they’ll often offer money to buy your trademark if you have legal title.
- The trademark registry in the US will not allow registration if there is any conflict with an existing trademark
- Laws in the UK and EU are not as stringent
- It’s advisable to use a trademark professional in the first instance as it is easy to get it wrong
- It costs ten times as much to deal with a complication as it does to register your name in the first place
- China is a case in point if you manufacturer in China secure local trademark protection to avoid your brand being hijacked
- Trademark is just one way in which you protect your brand. Another is copyright which is hugely relevant and will be covered in depth in the future.
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